The 50/30/20 Rule Explained (With a Real Example)
The 50/30/20 rule splits your take-home pay into 50% needs, 30% wants, and 20% savings. See a worked example, plus when it does not fit.
pay yourself first
How Much Should Your Emergency Fund Be?
The commonly cited range is 3 to 6 months of expenses. Here is who says so, why the range is wide, and three questions to place yourself in it.
Sinking Fund vs Emergency Fund: Two Different Jobs
A sinking fund is for the expense you can see coming. An emergency fund is for the one you cannot. Here is how to tell them apart and use both.
Pay Yourself First Budgeting: The Ordering Rule
Pay yourself first is about order, not amount. Learn the rule, the typical percentage ranges cited by banks, and what to do if your number is small.